Bogota Financial (NASDAQ:BSBK – Get Free Report) issued its quarterly earnings results on Friday. The company reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.05), FiscalAI reports. Bogota Financial had a return on equity of 1.83% and a net margin of 6.00%. The business had revenue of $4.81 million for the quarter, compared to analysts’ expectations of $4.47 billion.
Bogota Financial Stock Down 1.1%
Bogota Financial stock opened at $9.13 on Friday. The business’s 50-day simple moving average is $9.13 and its two-hundred day simple moving average is $8.79. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.99 and a current ratio of 0.99. The company has a market cap of $116.50 million, a PE ratio of 43.48 and a beta of 0.14. Bogota Financial has a fifty-two week low of $8.10 and a fifty-two week high of $9.55.
Analyst Ratings Changes
Separately, Weiss Ratings cut shares of Bogota Financial from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, October 16th. One equities research analyst has rated the stock with a Hold rating. According to data from MarketBeat, Bogota Financial presently has an average rating of “Hold”.
Check Out Our Latest Research Report on Bogota Financial
About Bogota Financial
Bogota Financial Corp. is the holding company for Bogota Savings Bank, a community banking institution headquartered in Bogota, New Jersey. The bank serves individuals, families, businesses and nonprofit organizations primarily in northern New Jersey.
Bogota Savings Bank offers a range of traditional banking products, including checking and savings accounts, certificates of deposit, money market accounts and retirement savings products. Its lending activities include residential mortgages, home equity loans and lines of credit, commercial real estate loans, business loans and consumer financing.
Founded in 1893, Bogota Savings Bank has a long history of serving local communities through branch banking and electronic banking services.
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